IFC proposes debt financing for Helios Towers
The International Finance Corporation (IFC) has disclosed a proposed debt package of up to $200 million from its own account in independent tower company Helios Towers Plc. In addition, the IFC will potentially mobilise up to $225 million from other entities.
Helios Towers operates across five countries in Africa, including DRC, Tanzania, Ghana, Congo-Brazzaville and South Africa. The company recently embarked on an expansion strategy to grow its current portfolio of 7,000 towers to over 12,000 by 2025, and is looking to enter several new markets in Africa, with Senegal as the first target country.
Helios is a public company listed on the London Stock Exchange.
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